When I first saw this acronym, my mind did wonder to the past when the acronym was previously used. If you are smiling, you remember the past meaning too.
In today’s Cyber world, MFA means Multi-Factor Authentication. Multi-Factor Authentication (MFA) requires the users to confirm multiple factors verifying their identity prior to gaining access to the network or system.
As I have encountered MFA, it has required my normal password but then a code is sent to another device (i.e., cell phone) to be input before access is gained. Access can be gained without the use of a code but could require some type of biometric data such as a fingerprint.
Why MFA? Since the weakest point of access to a system or network is normally the password and login ID, (which is sometimes used with multiple systems), MFA is an additional layer of backup security that can block some attacks.
As ransomware attacks increase at alarming rates through both frequency and severity, precautions to protect remote network and email access must be implemented for insurance coverage to be affordable.
Beware, when your Cyber Coverage renews, or if you are in the process of taking out coverage for the first time, there will be many more questions related to ransomware loss control (including MFA) and other risk management techniques.
Above all, train employees on what to watch for in their daily activities.
If you have questions on the use or need for implementing MFA, contact your IT support or Insurance Agent.